Which of the Methods for Decision Making Without Probabilities Best

question 21

Multiple Choice

Which of the methods for decision making without probabilities best protects the decision maker from undesirable results?

• A)the optimistic approach
• B)the conservative approach
• C)minimum regret
• D)minimax regret

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Definitions:

Financing Activities

These are activities that result in changes in the size and composition of the equity capital or borrowings of the entity.

Schedule

A plan that lists events, activities, or tasks along with their intended or expected times and dates.

Investing Activities

Part of a company's cash flow statement that shows the amount of money spent or generated from various investment-related activities in a specific time period.

Financing Activities

Transactions involving issuing debt, equity, and paying dividends as reflected in a company's cash flow statement, indicating the flow of cash between a company and its owners and creditors.